Skip to main content

Stock Market News - Yes, Bank top gainer, Ratnamani Metals Gains

Titan Company shares climb 2%: Shares of Titan Company climbed over 2 percent on BSE ahead of analyst and institutional investor meeting on December 20.


Rupee Update: The Indian rupee recovered from the lows but trading marginally lower at 71.06 per dollar.

NEWS ALERT | 

1. Hold it against PSBs that they haven't passed the benefits of rate cuts to customers: FM
-- Made sure stressed MSMEs are not declared NPAs: FM

2.  PSBs must move more liquidity out in the system: FM
-- Together with banks and RBI, we looked at where liquidity was stuck: FM

3. Anish Shah appointed CFO of Mahindra & Mahindra till April 2021: BSE Filing
-- Shah will become MD & CEO of co for 3 years w.e.f April 2, 2021.

-- VS Parthasarathy will step down as CFO on April 1, 2020

-- Board approves transition of Anand Mahindra's role to Non-executive Chairman. 

-- Pawan Goenka re-designated MD & CEO up to November 11, 2020

TOP GAINERS & LOSERS - 

Yes, Bank was the top gainer in the Sensex pack rising up to 2.91 percent, followed by SBI, ICICI Bank, Hero MotoCorp, Tata Motors, TCS, L&T, and Bajaj Finance. On the other hand, Vedanta was the top loser, shedding up to 0.97 percent. Kotak Bank, Tata Steel, HDFC Bank, and HUL were also trading in the red.

Prince Pipes IPO Fully Subscribed The initial public offer of polymer pipes and fittings was fully subscribed on the final day of sale on Friday. The maker of polymer pipes and fitting plans to raise Rs 500 crore by selling 2.81 crore equity shares at Rs 177-178 apiece, according to its red herring prospectus. The maiden offer consists of a fresh issue and an offer-for-sale by four promoters.

Ratnamani Metals Gains After Winning Orders Shares of Ratnamani Metals & Tubes rose as much as 0.5 percent to Rs 1,010. The company bagged an order of Rs 1.43 crore for CS pipes supply. It also won an export order worth $1.24 billion, according to its stock exchange filings.


Sensex | Market News | Gold | Bank Nifty | Rupee Updated | Top Gainers | Titan Company


Comments

Popular posts from this blog

Stock Market News - Nestle Falls, Lupin gains, Laurus Labs Swings

Nestle Falls After Quarterly Results Announcement Shares of Nestle India fell as much as 1.5 percent to Rs 14,260 after the company announced September quarter results.

NEWS ALERT | Infosys looking to beef up whistleblower investigation: Report -- Infosys rules out insider trading
-- Co in talks with law firms JSA Law, Khaitan & Co for investigation
-- Appointment of one or both of the above-mentioned companies, in addition to Shardul Amarchand Mangaldas already appointed
TOP GAINERS & LOSERS - 
NTPC, YES Bank and Tata Motors are the top gainers while Sun Pharma, Infosys, and IndusInd Bank are the top losers. The most active stocks included Reliance Infra, Bank of Baroda and YES Bank.
Rupee Update: The Indian rupee opened lower by 8 paise at 71.36 per dollar on Monday versus Friday's close 71.28.
Lupin share price gains on USFDA approval - The share price of Lupin gained over 1 percent in early trade on November 11 after the company received United States Food and Drug Adminis…

Stock Market News - Telecom Operators Decline, Aurobindo Pharma extended decline

Telecom Operators Decline; Vodafone Idea Slumps 14% Shares of the telecom operators declined. That comes after the Department of Telecommunications has issued a notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court, PTI reported quoting an industry source. 
As per DoT's estimate, the liability of Bharti Airtel Group is Rs 62,187.73 crore, Vodafone Idea Rs 54,183.9 crore and BSNL and MTNL Rs 10,675.18 crore, the report added.
Aurobindo Pharma At Over Five-Year Low Shares of Aurobindo Pharma extended declines for the fourth consecutive trading session. The stock fell as much a 9.1 percent, the most in over a month to Rs 394.30, the lowest since September 2014. 


The comes after the pharmaceutical company said that the U.S. FDA issued Form 483 with 14 observations after completion of an inspection of Unit IV of the drugmaker’s Hyderabad facility. Form 483 is used by the FDA to document and communicate concerns discovered during…

Stock Market News - Vodafone Idea falls, Lupin Gains, Power Grid Gains

Vodafone Idea falls 8% Shares of Vodafone Idea fell as much as 7.5 percent to Rs 3.70. Vodafone Group Plc’s Indian venture may be headed for liquidation unless the government eases off on demands for mobile spectrum fees, Bloomberg reported quoting the company’s Chief Executive Officer Nick Read.

Lupin Gains After Offloading Japanese Business Shares of Lupin rose as much as 3.1 percent to Rs 758.80. India’s fourth-largest drugmaker by market value informed the exchanges it has entered into a definitive agreement to sell 99.82 percent of its stake in Kyowa Pharmaceutical Industry Co. to Plutus Ltd., a subsidiary of the private equity firm Unison Capital Partners, at an enterprise value of 57,361 million Japanese yen—nearly Rs 3,702.4 crore. 
That, Lupin said, would generate a post-tax net cash inflow of Rs 2,103.9 crore.
Power Grid Gains After large Trade Shares of Power Grid rose as much as 1.4 percent to Rs 194.35. About 16.6 lakh shares of the company changed hands in a large trade, B…